The book Do As I Say details that Kennedy, despite the mantra that the rich SHOULD pay more taxes, few people have been as effective as Kennedy at avoiding taxes.
Their REIT is domiciled in Fiji but the family avoids IRS scrutiny.
Although Joe Kennedy's fortunte was between $300-500m, the family paid a paltry $134,330 in estate taxes which is an effective inheritance tax rate of .04%.
There's more. Way more. But you get the idea. Few people have avoided paying taxes like the Kennedy's.
psst but they invest very very badly
LOL
When old Joe was "rum running" I don't think he accepted a credit card or check for his services. Cold hard cash was the preferred method of payment. I have a suspicion the compound in MA has an underground vault loaded with cash. Just a guess, mind you.
I know this post is way late. I just connected to the thread.